New Zealand Gazette – 1999 – No. 115

Page 2764

✨ Financial Performance Measures



NEW ZEALAND GAZETTE

No. 115

Derivation Table

Symbol in formula Input Column Calculations ROF ROE ROI
a Earnings before interest and tax (EBIT) 4,732,575 4,732,575 4,732,575 4,732,575
n Anonised Goodwill 2,395,941 add add 2,395,941
s Subvention Payment 81,112 add 0 0
d Depreciation of SFA at BV 3,502,561 add 81,112 81,112
Depreciation of SFA at ODV 3,468,942 deduct 3,502,561 3,502,561
b ODV Depreciation tax adjustment 11,094 deduct 3,468,942 3,468,942
Subvention Payment tax adjustment 26,767 deduct 11,094 11,094
q Interest Tax Shield 359,036 deduct 26,767 26,767
R Revaluations 1,248,647 add 359,036 359,036
P Income tax 43,984,619 deduct 43,984,619 43,984,619
Numerator (as adjusted) No entry = a + g + s + d - p - s*† - b = a + g + s + s† - d - p - s† - b 47,186,381
Fixed Assets at year beginning (FA₀) 45,208,580 45,208,580 45,208,580 45,208,580
Fixed Assets at year end (FA₁) 45,951,972 add 45,951,972 45,951,972
Net Working Capital at year beginning (NWC₀) -2,034,462 add -2,034,462 -2,034,462
Net Working Capital at year end (NWC₁) -1,176,119 add -1,176,119 -1,176,119
c Average total funds employed (ATFE) No entry divide by 2 divide by 2 43,974,986
Total Equity at year beginning (TE₀) 28,672,733 28,672,733 28,672,733 28,672,733
k Total Equity at year end (TE₁) 37,522,964 add 37,522,964 37,522,964
Average total equity No entry = (TE₀ + TE₁)/2 = (TE₀ + TE₁)/2 33,097,849
WUC at year beginning (WUC₀) 8,223,676 8,223,676 8,223,676 8,223,676
e WUC at year end (WUC₁) 6,728,713 add 6,728,713 6,728,713
Average total Works under Construction No entry = (WUC₀ + WUC₁)/2 = (WUC₀ + WUC₁)/2 7,476,195
r Revaluations 43,984,619 43,984,619 43,984,619 43,984,619
Goodwill asset at year beginning (GW₀) 0 0 0 0
m Goodwill asset at year end (GW₁) 0 No entry No entry 0
Average Goodwill asset No entry = (GW₀ + GW₁)/2 = (GW₀ + GW₁)/2 0
Subvention payment at year beginning (S₀) 646,771 add 646,771 646,771
Subvention payment at year end (S₁) 81,112 add 81,112 81,112
Subvention payment tax adjustment at year beginning 213,434 deduct 213,434 213,434
Subvention payment tax adjustment at year end 26,767 deduct 26,767 26,767
Average subvention payment & related tax adjustment No entry = (S₀ + S₁ + s₀† + s₁†)/2 = (S₀ + S₁ + s₀† + s₁†)/2 243,841
v System Fixed assets at year beginning at book value (SFA₀BV) 31,497,958 add 31,497,958 31,497,958
f System Fixed assets at year end at book value (SFA₁BV) 36,489,276 add 36,489,276 36,489,276
Average value of system fixed assets at book value No entry = (SFA₀BV + SFA₁BV)/2 = (SFA₀BV + SFA₁BV)/2 33,993,617
System Fixed assets at year beginning at ODV value (SFA₀ODV) 93,903,328 add 93,903,328 93,903,328
h System Fixed assets at year end at ODV value (SFA₁ODV) 142,912,884 add 142,912,884 142,912,884
Average value of system fixed assets at ODV value No entry = (SFA₀ODV + SFA₁ODV)/2 = (SFA₀ODV + SFA₁ODV)/2 118,408,106
Denominator (as adjusted) = c - e - f + h = c - e - m + v + f + h 110,279,984
Financial Performance Measure: EBIT^adj / ATFE^adj x 100/1 = NPAT^adj / TE^adj x 100/1 = EBIT^adj / ATFE^adj x 100/1 =
4.01% 2.24% 47.70%

Key:

  • t = standard entity tax rate
  • bv = book value
  • ave = average
  • odv = optimised deprival valuation
  • subscript 0 = beginning of the financial year
  • subscript 1 = end of the financial year


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✨ LLM interpretation of page content

🏭 Financial and Efficiency Performance Measures for The Power Company Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Measures, Efficiency Performance, Return on Funds, Return on Equity, Return on Investment, Direct Line Costs, Indirect Line Costs, Electricity, Renewal Accounting Methodology